Lumen Technologies Inc (NYSE:LUMN) shares, rose in value on Thursday, April 04, with the stock price down by -2.11% to the previous day’s close as strong demand from buyers drove the stock to $1.39.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.42. The value of beta (5-year monthly) is 1.12. Referring to stock’s 52-week performance, its high was $2.70, and the low was $0.78. On the whole, LUMN has fluctuated by -18.24% over the past month.
With the market capitalization of Lumen Technologies Inc currently standing at about $1.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.01, which is expected to increase to $0.06 for fiscal year -$0.01 and then to about -$0.07 by fiscal year 2025. Data indicates that the EPS growth is expected to be -105.00% in 2025, while the next year’s EPS growth is forecast to be -600.00%.
Analysts have estimated the company’s revenue for the quarter at $3.37 billion, with a low estimate of $3.22 billion and a high estimate of $3.44 billion. According to the average forecast, sales growth in current quarter could jump down -9.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $13.33 billion, representing a decrease of -8.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LUMN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LUMN currently trading nearly -14.49% and -9.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.57, while the 7-day volatility ratio is showing 5.80% which for the 30-day chart, stands at 7.54%. Furthermore, Lumen Technologies Inc (LUMN)’s beta value is 1.12, and its average true range (ATR) is 0.11.
A comparison of Lumen Technologies Inc (LUMN) with its peers suggests the former has fared considerably weaker in the market. LUMN showed an intraday change of -2.11% in today’s session so far, and over the past year, it shrunk by -46.33%%.
Data on historical trading for Lumen Technologies Inc (NYSE:LUMN) indicates that the trading volumes over the past 10 days have averaged 11.92 million and over the past 3 months, they’ve averaged 13.88 million. According to company’s latest data on outstanding shares, there are 1.01 billion shares outstanding.
Nearly 2.47% of Lumen Technologies Inc’s shares belong to company insiders and institutional investors own 67.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 149.19 million shares as on Mar 15, 2024, resulting in a short ratio of 13.28. According to the data, the short interest in Lumen Technologies Inc (LUMN) stood at 14.77% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 142.74 million. The stock has fallen by -24.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LUMN stock heading into the next quarter.
